{"id":22683,"date":"2020-04-13T14:49:25","date_gmt":"2020-04-13T14:49:25","guid":{"rendered":"https:\/\/www.xotels.com\/uncategorized\/revenue-generation\/"},"modified":"2024-12-23T09:21:16","modified_gmt":"2024-12-23T09:21:16","slug":"revenue-generation","status":"publish","type":"post","link":"https:\/\/www.xotels.com\/en\/glossary\/revenue-generation","title":{"rendered":"Revenue Generation"},"content":{"rendered":"<p>What is the meaning \/ definition of Revenue Generation in the <a class=\"glossary-only-link\" href=\"https:\/\/www.xotels.com\/en\/glossary\/hospitality-industry\">hospitality industry<\/a>?<\/p>\n<p>The term Revenue Generation, refers to the process of creating sales of products and services, with the goal of creating income.<\/p>\n<p>For example, a company wants to generate a hundred thousand euros of revenue this year. Then, the company needs to set up a strategy to reach this objective.<\/p>\n<p>Different tactics exist, according to each business. These tactics include every department, not only sales and marketing. Indeed, to be competitive, you have to stand up from your competitors.<\/p>\n<p>Here some examples of tactics:<\/p>\n<p>\u2013 generate more prospects<\/p>\n<p>\u2013 increase your conversion rate (through website, live chat, promotion, etc)<\/p>\n<p>\u2013 develop an ideal customer profile<\/p>\n<p>\u2013 implementing best practices to guide the implementation of your revenue strategy<\/p>\n<p>\u2013 increase the average price per sale<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is the meaning \/ definition of Revenue Generation in  [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9,47],"tags":[],"class_list":["post-22683","post","type-post","status-publish","format-standard","hentry","category-glossary","category-r"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Revenue Generation Definition \/ Meaning - Xotels<\/title>\n<meta name=\"description\" content=\"Definition: The term Revenue Generation, refers to the process of creating sales of products and services, with the goal of creating income.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.xotels.com\/en\/glossary\/revenue-generation\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Revenue Generation Definition \/ Meaning - Xotels\" \/>\n<meta property=\"og:description\" content=\"Definition: The term Revenue Generation, refers to the process of creating sales of products and services, with the goal of creating income.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.xotels.com\/en\/glossary\/revenue-generation\" \/>\n<meta property=\"og:site_name\" content=\"Xotels\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-13T14:49:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-23T09:21:16+00:00\" \/>\n<meta name=\"author\" content=\"Patrick Landman\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@xotels\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Patrick Landman\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":[\"Article\",\"BlogPosting\"],\"@id\":\"https:\\\/\\\/www.xotels.com\\\/en\\\/glossary\\\/revenue-generation#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.xotels.com\\\/en\\\/glossary\\\/revenue-generation\"},\"author\":{\"name\":\"Patrick Landman\",\"@id\":\"https:\\\/\\\/www.xotels.com\\\/en\\\/#\\\/schema\\\/person\\\/f51e882bd553ae1b905fc0214cdca6f5\"},\"headline\":\"Revenue Generation\",\"datePublished\":\"2020-04-13T14:49:25+00:00\",\"dateModified\":\"2024-12-23T09:21:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.xotels.com\\\/en\\\/glossary\\\/revenue-generation\"},\"wordCount\":132,\"publisher\":{\"@id\":\"https:\\\/\\\/www.xotels.com\\\/en\\\/#organization\"},\"articleSection\":[\"Hotel Terminology &amp; 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